Dividends
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Life Partners (LPHI) Approves Dividend Payout for FY10
More News related to LPHI
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Life Partners Holdings, Inc. (Nasdaq: LPHI) has declared its schedule of dividend payments of $0.25 per share for the 2010 fiscal year ending February 28, 2010.
LPHI Chairman, Brian Pardo, said "This announcement confirms our board's commitment to sharing our success with our shareholders. At the end of the day, that is our obligation as management. Of course, dividends will be paid only out of our unreserved and unrestricted earned surplus, but given our current and expected growth rate, we believe we can continue to grow the company as well as reward our shareholders with a very competitive dividend."
The cash dividend of $0.25 per share of Common Stock outstanding is scheduled to be paid in cash on a quarterly basis as follows:
Payment Date Record Date
September 15, 2009 August 7, 2009
December 15, 2009 November 6, 2009
March 15, 2010 February 5, 2010
Life Partners Holdings, Inc., through its subsidiary, Life Partners, Inc., operates as a financial services company that provides purchasing services for life settlements in the United States.[SM]
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